# Propolis

> Propolis is a Miami real estate developer and operator that turns small urban infill lots into furnished apartments, private-bedroom coliving suites and flexible-stay units. Its playbook combines dense, low-rise design with no on-site parking, private bathrooms, bundled utilities, cleaning and digital leasing - trading excess private square footage for lower friction and a cheaper route into central Miami neighborhoods.

- **Founded:** 2016
- **Headquarters:** Miami, United States
- **Founders:** Misha Gurevich (CEO and Founder)
- **Team size:** 8 employees (provided company data; approximate)
- **Products:** AERIE Apartments, Otto Apartments, Pastel Apartments, Olive Apartment Hotel, Lima & Limon
- **Notable:** Opened AERIE in 2020 with 12 apartments and 32 bedrooms on a 5,000-square-foot lot., Expanded from AERIE to at least three additional completed small apartment buildings, according to the company., Built a pipeline of more than ten sites at various development and construction stages, according to the company.

## Products & services

- **AERIE Apartments** — The flagship 12-unit, 32-bedroom furnished coliving building at 121 NW 7th Avenue, with private bathrooms, shared kitchens and living rooms.
- **Otto Apartments** — Furnished two-, three- and four-bedroom shared apartments in East Little Havana with private bedroom-bathroom suites and 6- to 12-month lease options.
- **Pastel Apartments** — A five-story Little Havana property offering furnished three-bedroom shared apartments and private micro studios, plus rooftop and open-air common areas.
- **Olive Apartment Hotel** — Furnished studios and multi-bedroom apartments available by private room or entire suite for daily, weekly and monthly stays.
- **Lima & Limon** — Two newer Wynwood-area shared apartment communities with furnished studios, three-bedroom suites, rooftop space and flexible terms.
- **Development and property management** — Vertically integrated site development, leasing and operation of Propolis-branded small multifamily properties.

## Achievements

- Opened AERIE in 2020 with 12 apartments and 32 bedrooms on a 5,000-square-foot lot.
- Expanded from AERIE to at least three additional completed small apartment buildings, according to the company.
- Built a pipeline of more than ten sites at various development and construction stages, according to the company.
- Featured in Florida Trend's October 2020 examination of small-scale approaches to Florida's housing shortage.
- Refinanced AERIE for a reported $2.5025 million in 2021 and Otto for a reported $3.6 million in 2023.
- Added Lima & Limon, two newer furnished apartment communities near Wynwood, to its leasing portfolio in 2026.

## Latest updates

- **2026-03** — Propolis published leasing materials for Lima & Limon at 3505 NW 5th Avenue, offering furnished studios and private en-suite bedrooms in shared three-bedroom apartments.
- **2026-01** — A public recruiting post described the company as blending long-term shared housing with hospitality-level short-term stays.
- **2024-06** — Provided company data records an undisclosed merger or acquisition event; public details were not identified.
- **2023-04** — Otto, at 228 NW 7th Avenue, received a reported $3.6 million refinance loan from INB Bank.
- **2021-04** — AERIE, at 121 NW 7th Avenue, received a reported $2.5025 million refinance loan from Popular Bank.

## Links

- Website: https://thepropolis.com
- LinkedIn: https://www.linkedin.com/company/propolis-properties
- YouTube: https://www.youtube.com/playlist?list=PLdSXIWA4ye4Oj75YZChZBwyncZl1Ze6qw
- Instagram: https://www.instagram.com/thepropolis/
- Facebook: https://www.facebook.com/thepropolis

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Profile page: https://yespress.io/propolis
Published by YesPress — https://yespress.io
Last updated: 2026-08-22